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Wednesday, 25 April 2018

Leela Parker Deo' s stories

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  • BDCs move to boost leverage

    Loans | 20 April 2018

    Some Business Development Companies have already received board approval to increase the amount of debt that they can borrow after US legislation passed in March allowed them to double leverage on their funds.

  • Mid-market CLOs still on the hook for risk retention

    Structured Finance | 23 March 2018

    Managers of CLO funds that lend to mid-market US companies must continue to meet ‘skin in the game’ rules despite a court ruling which let most of the investment firms off the hook.

  • Highly rated borrowers drive pricing lower

    Loans | 09 March 2018

    Highly rated US leveraged loan issuers such as packaged foods company Pinnacle Foods and auto parts maker Allison Transmission are taking advantage of strong investor appetite for floating-rate assets to further cut borrowing costs.

  • Loan market shrugs off equity volatility

    Loans | 09 February 2018

    Volatility roiled the equity markets last week, but the US loan market barely paused as the asset class continues to look attractive to investors concerned about rising interest rates and potential inflation.

  • Lenders sweat over debt levels

    Loans | 12 January 2018

    Lenders to US mid-sized businesses are increasingly concerned about the higher levels of debt held by middle market companies compared with a year ago, as well as what they consider to be less restrictive leveraged loan documents, a survey by Carl Marks Advisors found.

  • FS teams with KKR to create lending platform

    Loans | 15 December 2017

    Alternative investment manager FS Investments has agreed to form a new partnership with investment firm KKR to create a middle market alternative lending platform that will manage a combined US$18bn in business development company assets, making it the largest platform of its kind.

  • North America Mid-Market Loan: SnapAV's US$315m LBO loan

    All Special Reports | 15 December 2017

    The US$315m covenant-lite leveraged buyout loan supporting private equity firm Hellman & Friedman’s acquisition of SnapAV was a tricky deal and still scored an execution that put it among the most aggressive and competitive middle-market loans of 2017.

  • BDCs show mixed results in competitive environment

    Loans | 10 November 2017

    Earnings season is well under way for business development companies and so far results are mixed for the closed-end investment funds that lend to private US middle market businesses.

  • Falling pricing, repayments weigh on BDC earnings

    Loans | 18 August 2017

    Sliding loan pricing and increased repayments are continuing to curb the profitability and growth of Business Development Company funds that lend to private US midsized companies.

  • Conflicting regulations hamper CLO risk retention

    Structured Finance | 21 July 2017

    Two pieces of regulation designed to protect investors could make it more difficult and expensive for funds to lend to mid-sized US companies as managers try to meet rules that require them to hold some of their funds’ risk.

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